In the 1970s and 1980s the natural unemployment rate rose to around 6 1/4 percent, because of baby boomers and the entry into the workforce by women.

Question

Quizplus · Accepted Answer

During the 1970s and 1980s, the natural rate of unemployment in the United States did increase, in part due to the influx of baby boomers and women entering the workforce. This demographic shift temporarily increased the natural unemployment rate as the job market adjusted to the larger labor supply.

In the 1970s and 1980s the Natural Unemployment Rate Rose